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Artists unpaid after Peats Ridge festival

Hundreds of performers and production crew have been left unpaid after the New Year's Eve Peats Ridge Festival north of Sydney, their union says.

The Peats Ridge Sustainable Arts and Music Festival was held in the Glenworth Valley from December 29 to January 1.

Festival director Matt Grant has since announced the company organising the event will be wound up without paying its debts, the Media, Entertainment & Arts Alliance (MEAA) said in a statement on Thursday.

The MEAA says hundreds of professional musicians, performers and production crew have not been paid for their work.

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It says festival organisers have advised it those affected will need to register as creditors with a liquidator.

"Hundreds of musicians, artists, performers and crew worked at Peats Ridge over New Year's Eve," the MEAA's Mal Tulloch said.

"They have to be paid what they are owed, and the Alliance is determined to work with everyone affected to chase unpaid monies.

"As their union we will stand with those affected until we get a fair outcome from this debacle."